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If a firm sells 400 units of a commodity at ₹ 10 unit. Calculate the TR and AR.

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If a firm sells 400 units of a commodity at ₹ 10 unit. Calculate the TR and AR.

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1 Answer

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Best answer

TR = Price x Quantity 

= 10 x 400 

= 4,000

AR = \(\frac{TR}{TQ}\)

= \(\frac{4,000}{400}\)

= ₹ 10

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